Global Food Service Market
Global Food Service was valued at US$ 2323.29 Billion in 2021, estimated to reach US$ 4476.77 Billion in 2027, with a CAGR 9.91% from 2022-2027.
The sale of food and beverages which are ready for immediate consumption or for takeaways and home deliveries are referred as Foodservice. Food and beverages that are consumed out of the home is all about Food service. Consumers visit foodservice outlets for many reasons, like the added convenience, to sample new tastes and flavours, to party and to socialise.
Market Drivers
Because of the changing lifestyle of people, there is a massive rise in the ready to eat food which boost the Food Service Market Growth.
Growing penetration of online food delivery services is also one of the major driving factors for the growth of the market.
Furthermore, the growing popularity of Quick-Service Restaurants (QSRs), especially in the emerging regions, like Asia Pacific, due to the busy lifestyles and hectic work schedules is likely to propel the market growth during the forecast period.
Market Restraints
Few of the negative aspects keep customer away from accepting the online food Delivery which slightly hamper the growth of the Food Service Market.
Market Segmentation
Food Service Market is segmented into major 4 categories. Based on Type, the market is divided into Full-Service Restaurants, Quick Service Restaurants, Institutes, Others. Based on Service Type, the market is segmented into Commercial, Institutional. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East.
Regional Analysis
North America accounted for largest market share for Food Service Market in 2021. This surge is mainly recorded due to the growing number of working households, overall economic growth, rising disposable income, and large existence of junk eatable chains in this region.
Asia Pacific is anticipated to witness the fastest growth for Food Service Market over the forecast period due to rising number of young populations, changing trends towards cultures & cuisines, changing outside food eating habits, and growing number of restaurants are boosted the growth of Food Service Market in this region.
Market Key Players
Some of the key players operating in Global Food Service Market are Huhtamaki Food Service; Graphic Packaging International LLC; Sonoco Products Company; Sabert Corporation; Genpak LLC; Pactiv LLC; Contital Srl; Go Pak Group; R+R Packaging Ltd., Interplast Group.
Industry development
February, 2021: KFC India launched an all-new range of Value Burgers with a variety of veg and chicken burgers to choose from.
December, 2020: Domino's Pizza launched India's first plant-protein-based product - 'The Unthinkable Pizza'. The pizza is made from plant-based proteins.
Berry Global Inc. introduced pivot clear cups. As the consumption of niche beverages, such as frozen, blended, and mixed, is increasing so is the requirement for cost-effective, high-quality, single-use clear cups. These cups are made from an exclusive polypropylene blend that offers advantages over clear cups in the market.
Global Food Service Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Feedstock Types
3 Executive Summary
4 Global Food Service Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Food Service Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Food Service Market Share Analysis, By Type
5.3 Global Food Service Market Size and Forecast, By Type
5.3.1 Full-Service Restaurants
5.3.2 Quick Service Restaurants
5.3.3 Institutes
5.3.4 Others
6 Global Food Service Market, By Service Type
6.1 Y-o-Y Growth Comparison, By Service Type
6.2 Global Food Service Market Share Analysis, By Service Type
6.3 Global Food Service Market Size and Forecast, By Service Type
6.3.1 Commercial
6.3.2 Institutional
7 Global Food Service Market, By Region
7.1 Global Food Service Market Share Analysis, By Region
7.2 Global Food Service Market Share Analysis, By Region
7.3 Global Food Service Market Size and Forecast, By Region
8 North America Global Food Service Market Analysis and Forecast (2022 – 2027)
8.1 Introduction
8.2 North America Global Food Service Market Share Analysis, By Type
8.3 North America Global Food Service Market Size and Forecast, By Service Type
8.4 North America Global Food Service Market Size and Forecast, By Country
8.4.1 U.S.
8.4.2 Canada
8.4.3 Mexico
9 Europe Global Food Service Market Analysis and Forecast (2022 – 2027)
9.1 Introduction
9.2 Europe Global Food Service Market Share Analysis, By Type
9.3 Europe Global Food Service Market Size and Forecast, By Service Type
9.4 Europe Global Food Service Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4. Rest of Europe
10 Asia Pacific Global Food Service Market Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 Asia Pacific Global Food Service Market Share Analysis, By Type
10.3 Asia Pacific Global Food Service Market Size and Forecast, By Service Type
10.4 Asia Pacific Global Food Service Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11 Latin America Global Food Service Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Latin America Global Food Service Market Share Analysis, By Type
11.3 Latin America Global Food Service Market Size and Forecast, By Service Type
11.4 Latin America Global Food Service Market Size and Forecast, By Country
11.4.1. Brazil
11.4.2. Rest of Latin America
12 Middle East Global Food Service Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Middle East Global Food Service Market Share Analysis, By Type
12.3 Middle East Global Food Service Market Size and Forecast, By Service Type
12.4 Middle East Global Food Service Market Size and Forecast, By Country
12.4.1. Saudi Arabia
12.4.2. UAE
12.4.3. Egypt
12.4.4. Kuwait
12.4.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 Huhtamaki Food Service
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 Graphic Packaging International LLC
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 Sonoco Products Company
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Sabert Corp.
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Genpak LLC
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Pactiv LLC
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Contital Srl
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Go Pak Group
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 R+R Packaging Ltd.
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Interplast Group
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
